719 Grand Street, Brooklyn (East Williamsburg), NY, 11211 | $2,450,000
Built in the late 19th century, 719 Grand Street is a 25-foot wide brick mixed-use building on a vibrant retail corridor, just off the corner of Graham Avenue in East Williamsburg. The building is in excellent condition and has housed a thriving ophthalmology practice across two floors plus a small cellar. With over 3, 100 existing sf, and development potential for a total of least 6, 000 residential square feet or 7, 000 commercial square feet, opportunities abound here for an array of designs and uses. Keep the existing structure as-is, add a floor or more on top, or start from scratch with a new ground up development project. East Williamsburg has become one of NYC’s most dynamic and fastest growing neighborhoods. The restaurants, bars, boutiques and other amenities that have made this enclave famous are all close by. The L train is just a few blocks away for a quick commute to Manhattan and the rest of the city. Bring your architect and contractor to this unique property, and make it the backdrop for your next creative project in Brooklyn. Delivered vacant.
Features
- Town: Brooklyn
- Levels: 2
- Cooling: Unknown Type
- Laundry: SeeRemarks
- Year Built: 1920
- Building Access : Walk-up
- Service Level: Voice Intercom
- OLR#: COMP1701524981299836
- Days on Market: 12 days
- Website: https://www.raveis.com
/prop/COMP1701524981299836/719grandstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Compass
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
719 Grand Street, Brooklyn (East Williamsburg), NY, 11211
$2,450,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,960,000 | $1,960,000 | $1,960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,283 | $12,389 | $16,540 |
| Total Monthly Payment | $11,408 | $12,514 | $16,665 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535